Hydra Industries Acquisition Corp.'s Chief Operating Officer was just granted 118,736 restricted shares

David Gray Wilson, Hydra Industries Acquisition Corp.'s Chief Operating Officer, just received 118,736 restricted shares from the company. The restricted shares don't become available to Wilson until such time as they become vested. Wilson now owns at least 118,736 restricted shares of the company.

Some additional info was provided as follows:

Each restricted stock unit represents a contingent right to receive one share of INSE common stock (the "Common Stock"), subject to forfeiture as set forth in the Inspired Entertainment, Inc. 2016 Long-Term Incentive Plan. The restricted stock units vest in three equal installments: Installment 1 -- On the later of (i) December 23, 2017 and (ii) the day following the first period of thirty (30) consecutive trading days dur ing which the average of the closing prices for the Common Stock is $12.50 or higher. Installment 2 -- On the later of (i) December 23, 2018 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $15.00 or higher. Installment 3 -- On the later of (i) December 23, 2019 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $17.50 or higher.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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